This study attempts to determine the factors affecting saving in the Islamic banks in Indonesia. By employing the Vector Autoregressive and its associated Impulse Response Function analysis for all Islamic banks in Indonesia from March 2000 to August 2007, the study analyzes the importance of real rate of return on Islamic deposit, interest rate on

This study intends to determine the impact of monetary policy changes on Islamic banks vis-a-vis conventional banks. In achieving this, the study explores the dynamic inter-relationships between deposits and loans of the Islamic and conventional banks with monetary policy variable using two major tests. First, the Auto-Regressive Distributed Lag (A

Persistently high expectations from the operations of Islamic financial institutions (IFIs) appears to give way for a gap to exist between “what ought to be” shariah auditing and the current practice of shariah audit in IFIs in Malaysia. Sulaiman (2005) mentioned that “what ought to be desired (the desirable)” may not coincide with “what

The recent financial crisis which originated from the 2007 US sub-prime crisis has been labelled as the worst financial crisis since the Great Depression by George Soros, Joseph Stiglitz, and the International Monetary Fund (IMF) (Jaffee, 2008; Tong and Wei, 2008). It has now become a full-blown global economic crisis. Due to the borderless nature

Industrial production of natural food colorants by microbial fermentation has several advantages such as cheaper production, possibly easier extraction, higher yields through strain improvement, no lack of raw materials and no seasonal variations. Development of microbial food grade pigments are likely to cut down the high production cost of natura

Dünya önü alınmaz bir değişimin çalkantısıyla akılları sarsarak deprem tedirginliğinde çaresiz arayışlara düşünen kafaları yönlendirmiş olsa da, aslında yapılması gereken salim bir sükunette aktörlerin alışıla gelmiş senaryosunu okuyabilmekte yatıyor işin sırrı. Bütün bu çalkantıların çıkmazların, korku sen

This study investigates the impact of monetary shocks on bank loans extended by local banks and foreign banks in Malaysia over the period from January 1991 to December 2006. It adopts the impulse response functions and the variance decomposition analysis to study the responses of lending by these banks to monetary policy shocks. The study finds tha

A comprehensive exposition of Islam written for contemporary readership, covering fundamentals of Islam and subjects of contemporary concerns. Topics include concepts of din (religion)and faith (submission), Arkan al-Islam (pillars of Islam), Arkan al-Iman (pillars of iman), social institutions and contemporary issues with Islamic perspective.

The non-Muslims resident of a Muslim state was accorded a special kind of citizenship known dhimmah in the past. Under this designation non-Muslims enjoyed full protections under the law in spite of constant state of hostilities between Dar al-Islam and Dar al-Harb. With the demise of Islamic Caliphate System after the First World War and constitut

A great deal has been written on the issue of applicability of hudud law in Malaysia. But, by and large, the discourse revolves around the feasibility or otherwise of its implementation in the context of the existing legal framework by both local academia and politicians. Little attention has been paid to the question of the type and model of hudud